SOURCE: ActiveCore Technologies, Inc.

January 03, 2007 08:30 ET

ActiveCore Completes Acquisition of GSPS/ePocket

TORONTO -- (MARKET WIRE) -- January 3, 2007 -- ActiveCore Technologies, Inc. (OTCBB: ATVE), a Company that operates as a payment technology solution provider is pleased to announce that on December 29th, 2006 it received the consent of a majority of its shareholders to complete the Purchase and Sale agreement that will result in ActiveCore acquiring 100% of all the issued and outstanding shares of Global Sterling Payments Systems Limited ("GSPS") the parent company of ePocket. The Purchase and Sale agreement was signed on October 25, 2006 and approved by the Board of Directors of both companies on October 30, 2006. The acquisition of GSPS provides ActiveCore with a revolutionary digital coin technology (ePocket) that will change the way individuals and corporations pay for goods and services on the World Wide Web. This acquisition was an all share transaction.

The completion of this acquisition is a major step for ActiveCore and will position the Company to become a leading player in the international electronic payment industry.

Peter Hamilton, Chief Executive Officer of ActiveCore, stated, "This is a great day for ActiveCore shareholders, the completion of this acquisition brings a revolutionary technology into the Company." Mr. Hamilton went on to say that "the ePocket software has been developed over several years at a cost of many millions of dollars and it is now ready to be launched into a rapidly expanding electronic payment industry that desperately needs a safer more secure digital currency, ePocket, to combat the ever increasing problem of identity theft and fraud associated with all of the existing credit card based technologies."

Neil Fishenden, Chief Executive Officer of GSPS/ePocket stated that "the ePocket technology is ready at precisely the right time for the expanding world of on-line buying and the acquisition by ActiveCore will provide GSPS/ePocket with the infrastructure it needs to compete effectively in the global electronic payment marketplace." Mr. Fishenden went on to say, "Now that ePocket is part of a growing public company, we are confident that this partnership will allow for the rapid deployment of our revolutionary digital coin technology."

This press release is available on the company's official online investor relations site for investor commentary, feedback and questions. Investors are asked to visit ActiveCore IR Hub located at

About ActiveCore Technologies, Inc. (

ActiveCore Technologies, Inc. operates as payment technology solution provider, primarily in the on-line payment market. Our products encompass a variety of payment technologies as well as our own integration tool kit and direct marketing software platform that allows us to better support our payment technology clients.

About GSPS/ePocket Inc. (

GSPS/ePocket brings true electronic cash to the world for the first time, making purchases over the Internet as secure and simple as handing cash to a clerk in a store. ePocket enables banks to provide their customers with the ability to withdraw electronic cash in any currency from their regular deposit accounts, and send this electronic cash to merchants or other consumers in order to make payments. Cash created electronically is just like real cash, except there are no coins, bills, or plastic cards -- it is entirely electronic. Just like real cash, electronic cash does not require the identification of a payer. This provides privacy for consumers, and eliminates fraud and identity theft, making ePocket the most cost-effective payment solution for Internet commerce. In contrast to other payment schemes, consumers do not have to open additional accounts with a payment intermediary. Consumers do not have to give up any identity or credit information in order to accomplish a payment. This makes ePocket payments completely secure and provides complete privacy for consumers.

Statements contained in this news release regarding ActiveCore Technologies, Inc. (formerly IVP Technology) and planned events are forward-looking statements, subject to uncertainties and risks, many of which are beyond ActiveCore's control, including, but not limited to, reliance on key markets, suppliers and products, currency fluctuations, dependence on key personnel and trade restrictions, each of which may be impacted, among other things, by economic, competitive, or regulatory conditions. These and other applicable risks are summarized under the caption "Risk Factors" in ActiveCore's Registration Statement on Form SB-2 filed with the Securities and Exchange Commission on January 4, 2005. Forward-looking statements by their nature involve substantial risks and uncertainties. As a result, actual results may differ materially depending on many factors, including those described above.

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